The following criteria shall be used for inventory purposes in defining capital assets and otherwise dealing with assets heretofore or hereafter purchased or acquired by the county government.
(A) (1) All assets purchased by or otherwise acquired by the governmental unit of the county, and a board, department, agency or office thereof, having a purchase price or value of $5,000 or greater, shall be considered for the purposes of record keeping, insurance, asset valuations and related record keeping (inventory purposes) as a
CAPITAL ASSET.
(2) As such, all capital assets so owned or so acquired shall be submitted by the using or purchasing office, department, agency or board of the county government to the office of the Commissioners for recording, tracking and other inventory purposes.
(B) In addition to all assets that have a value of $5,000 or greater, all office machines, electronic devices, telephone or communication devices, computers and other equipment (office equipment) with a cost or value of $300 or more, which office equipment shall currently or hereafter require a maintenance or service contract for repairs or preservation (maintenance contract), shall be submitted by the using or purchasing office, department, agency or board to the County Auditor and the office of the County Commissioners for asset inventory control and the purpose of tracking and coordinating the maintenance and repairs and otherwise coordinating any maintenance contract relative to such.
(Prior Code, § 5-11-1-1) (Ord. 98-609, passed 10-19-1998, 98 COM REC 609–611; Ord. 02-409, passed 8-19-2002, 2002 COM REC 409-410)